Quote:
Originally Posted by OrangeBlossomBaby
Actually, we CAN produce it all. We CAN be self-sufficient. However, we're not willing to work for low wages and substandard benefits, and we're not willing to pay a premium for products manufactured by people who demand fair wages and benefits.
And so, we import from countries that have gone the authoritarian route, whose workers get paid what the government tells them they get paid, they work for however many hours per day the government tells them they work, with no prospect of "retirement," and they can sell product to us for less than it costs us to make it ourselves as a result.
I'd rather not live like that. I'm not willing for my country to turn into "that." I also would like to pay *less* for things. But in a capitalistic society, the shareholder of the stocks are the boss. If the shareholder says "bring us more profits" then the CEO does whatever he has to, to bring us more profits. He isn't being paid to care about his employees. He's being paid to return higher dividends to shareholders. Period.
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Business react to economic conditions ,businesses have to compete with other business for customers and for employee the government makes fiscal and monetary policy a governmental agency controls interest rates, there by controlling the economy, without the lure/hope of profits/ ROI, no business, people put their money where it will give the best return, it isn't possible just to dial up a greater return, its a very complex balancing of resources for any business